{"id":2357,"date":"2014-07-01T10:56:25","date_gmt":"2014-07-01T14:56:25","guid":{"rendered":"https:\/\/www.duck9.com\/?p=2357"},"modified":"2014-07-01T10:57:19","modified_gmt":"2014-07-01T14:57:19","slug":"self-funding-with-opm-other-peoples-money","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/self-funding-with-opm-other-peoples-money\/","title":{"rendered":"Self-Funding with OPM (other peoples money)"},"content":{"rendered":"

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self-funding with OPM (other peoples money)<\/span><\/p>\n

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Every entrepreneurship insight I get is cited and sourced from a specific legendary business mentor. I pay attention in a depth I consider "motivational listening". In board meetings, lectures, and tech conferences, I seek to out note-take the rest of the room. This article is a snippet of my notes. The scope is self-funding with OPM (other people's money)<\/div>\n
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Insight number one:\u00a0Start with other people's ideas.\u00a0<\/div>\n
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Before people share money, they want to test your resourcefulness. Show resourcefulness by taking and using ideas. Show resourcefulness by executing ideas.\u00a0<\/div>\n
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These ideas are all floating around like songs that have not been yet connected. Disc jockeying is kinda new. Music is 500 years old. DJ-ing is 30 years old<\/div>\n
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<\/span>Insight number two: DJ two ideas.<\/span><\/div>\n


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Ideally, you're DJing two APIs. An API's a protocol interface to an existing idea. DJ two existing pieces of technology. Just like a re-mixed song, this now sounds, looks and walks like it's new.<\/span><\/div>\n

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With this semi-new tool, you can now be self funded by…<\/span><\/div>\n

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Insight number 3: Realizing no big company does anything innovative in-house.<\/span><\/p>\n


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It seems counterintuitive.<\/span><\/div>\n

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Set aside your disbelief and execute a solution to an existing problem. For that big company. Self-fund a semi joke entity with a toy. Two APIs dj'd together is by definition a toy.<\/span><\/div>\n

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Seek and "sell" a company on your tech innovation (while simultaneously self funding with revenue) by…
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Insight number four: the Fifth Epiphany.<\/span><\/div>\n

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Have you heard of the legendary book: Four Steps to an Epiphany?<\/span><\/div>\n

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Well at HBS, there is an article called "Fifth Epiphany". It stands on the shoulders of five legendary business books, l<\/span>evers non employee co-founders and shows how money flows into a new company without having to raise VC.<\/span><\/div>\n

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You better get to googleing Fifth Epiphany<\/span><\/div>\n
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\u00a0essay on self-funding with OPM (other peoples money)?<\/p>\n

It's a window that is working well right now that your readers will find in depth and surprising<\/p><\/blockquote>\n<\/div>\n

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—
CEO of Duck9
Stanford University EIR (Entrepreneur in Residence)<\/p>\n

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****************
Editor of the BusinessWeek Channel "What They Don't Teach at Business School"
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self-funding with OPM (other peoples money) Every entrepreneurship insight I get is cited and sourced from a specific legendary business mentor. I pay attention in a depth I consider "motivational listening". In board meetings, lectures, and tech conferences, I seek to out note-take the rest of the room. This article is a snippet of my […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2357","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/2357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=2357"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/2357\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=2357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=2357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=2357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}